McDonald's (MCD) PT Cut to $86 at Jefferies

Jefferies analyst Andy Barish lowered estimates and his price target on Hold-rate McDonald's (NYSE: MCD) to $86.00 (from $93.00) following weak Q4 results.

Barish comments, "Sep SSS were -3.8% vs cons -3.2%, and $1.09 EPS missed by 28¢ on margin deleverage & higher taxes. Oct SSS remain negative (cons -1.4%) and 4Q will see -7-10¢ from the supply issue. The company is working to put itself in turnaround mode, but we expect continued share losses (especially US), -5-6¢ from FX and external pressures (overseas). We est ‘14/15 EPS of $4.94/5.35 (was $5.40/5.80), but visibility is limited until comps stabilize."

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $91.01 yesterday.

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